DEME Group Full Year 2023 Earnings: Beats Expectations

DEME Group (EBR:DEME) Full Year 2023 Results

Key Financial Results

• Revenue: €3.29b (up 24% from FY 2022).
• Net income: €162.8m (up 44% from FY 2022).
• Profit margin: 5.0% (up from 4.2% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €6.43 (up from €4.45 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

DEME Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 22%.

Looking ahead, revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Construction industry in Europe.

Performance of the market in Belgium.

The company's shares are up 2.5% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on DEME Group's balance sheet.

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